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Speaker 1: I'm increasingly impressed by Ian Rennie. Now Ian Rennie's the

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Speaker 1: Treasury boss. He seems to say a bunch of interesting

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Speaker 1: and insightful stuff. Last year, you might remember he warned

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Speaker 1: about our growth rate, our debt our inability to grow

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Speaker 1: our way out of our troubles. He advocated for asset sales.

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Speaker 1: So this past week he was at that why Kato

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Speaker 1: University Economic get together, where he talked about our problem

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Speaker 1: of exporting our best and brightest. Ironically, as we mentioned

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Speaker 1: this morning, the latest migration numbers came out Friday as well.

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Speaker 1: The worst good news might be behind us. Our net

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Speaker 1: migration gain is still small, but the stampede out the

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Speaker 1: door by New Zealanders has it appears petered out. At

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Speaker 1: Why Kato, Rennie talked about how it's unique to this

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Speaker 1: country that we export so many young people. His suggestion

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Speaker 1: is what he calls the frontier companies aren't good enough.

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Speaker 1: They don't adapt, adopt and vest fast enough compared to

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Speaker 1: other countries. So the gap between these frontier companies and

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Speaker 1: the lagging companies isn't as big as it should be. So,

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Speaker 1: in other words, the rock stars don't actually rock that much.

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Speaker 1: And if you are skilled and bright and determined. Offshore

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Speaker 1: seems to be the place you want to be. You

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Speaker 1: also talked of confidence, and that, to me is what's missing.

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Speaker 1: That's the critical part of what's missing in this country.

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Speaker 1: See our four kids, or the four of the five,

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Speaker 1: the four are actually work, two are already offshore, one

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Speaker 1: could be. So that's three out of four for goodness sake.

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Speaker 1: And we will never be in London, will never be

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Speaker 1: in New York. But the fizz, the fizz we had

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Speaker 1: about a half dozen years ago, it's gone. Immigrants have

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Speaker 1: replaced our kids. We've been dumbed down. Our brightest haven't

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Speaker 1: been replaced with America's brightest or Europe's brightest. But from

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Speaker 1: countries like Indi. You're in the Philippines. We're exporting scientists

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Speaker 1: and doctors and bringing in nurses and baristas. Immigration's awesome.

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Speaker 1: I love immigration, but not of it's not of our choosing.

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Speaker 1: We are being forced into this. So the good news

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Speaker 1: as this has happened comparatively fast if you think about it.

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Speaker 1: Not long ago, our net game was in excess of

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Speaker 1: one hundred thousand a year. We brought them in and

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Speaker 1: the good ones didn't leave. See, I figure we can

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Speaker 1: recapture all of that, but a mindset shift is needed.

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Speaker 1: We need to want to be better, but I'm not

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Speaker 1: sure enough of us. Rob That mind sint hints hints

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Speaker 1: Renie's concern For more from The Mic Asking Breakfast, Listen

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